Idiosyncratic risks, self-insurance, and stochastic bubbles

Eisei Ohtaki

Economics Letters, 2013, vol. 118, issue 3, 429-430

Abstract: This article reconsiders the issue on stochastic bubbles first studied by Weil (1987) in an overlapping generations economy with idiosyncratic risks. Unlike Weil’s own result, stochastic bubbles can occur independently of the confidence level.

Keywords: Idiosyncratic risk; Self-insurance; Stochastic bubbles; Overlapping generations model (search for similar items in EconPapers)
JEL-codes: E40 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:118:y:2013:i:3:p:429-430

DOI: 10.1016/j.econlet.2012.12.012

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